2025-03-31-accounts

Trustees’ Annual Report for the period

From 01/04/2024 To 31/03/25

Charity name: The Raymond Nicolet Trust

Charity registration number: 1185870

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17		Object 1:for the public benefit, to advance the education of children in selected establishments in Serbia, by providing financial support and other assistance at the discretion of the trustees and which is supplementary to local government funding. Object 2:for the public benefit, to relieve the needs of disabled children in selected specialized schooling and care establishments in Serbia by providing specialized teachers training and counselling and any other support as the trustee see fit to give.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19		Our primary aim was to provide financial support for the period to 31/03/25 towards the purchase of school equipment and improvement of buildings of the following schools: The Children and Youth Centre Miroslav Mika-Antić in Sombor, The Vuk Karadzić_Centre in Sombor, The _Jovan Jovanović Zmaj School in Pancevo, The_Jovan Arandjelović_ school in Crvena Reka and The_Sveti Sava_ school, Bajina Basta, Serbia.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18		Yes, all three trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference N/A Para 1.38

Policy on grant making
Policy on social investment including program related investment	Para 1.38	N/A
Contribution made by volunteers	Para 1.38	All people working for the Trust are volunteers and except for some minor and essential running costs (website/advertisement), recovery of some minor local travel expenses, all our income goes to support our causes. The Trust is determined to keep administrative costs to the barest minimum. All legal and financial services are covered by volunteer team members.
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20		We have raised so far: - £5,000 for the a mobile container for the Vuk Karadžić School for Primary and Secondary Education, Sombor, Serbia.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	In the year ending March 2025, we planned to assist one school and we have raised the money to do this in the period.
		See above.

Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41	N/A
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the period the charity’s account is in credit by £7,179.09.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Trust has so far contracted no obligations and is spending only funds that have been received in cash. The trust is young and so far, has been operating on the basis of minimum cash balances. Reserves will be built to manage potential future liabilities and costs when appropriate.
Amount of reserves held	Para 1.22	Nil
Reasons for holding zero reserves	Para 1.22	The Trust has no obligation to perform and only gives to beneficiaries when the cashflow allows expenditure of the agreed donation.
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	None

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	The charity's main source of income is: -Crowdfunding for particular goals. -Donations by individuals that support our cause. -Cake sales organised by team members. -Annual gala dinner ticket sale excess after costs. - fundraising dinners and events with the Serbian community abroad - Piano concerts. -Sponsored races run by team members.
Investment policy and objectives including any social investment policy adopted	Para 1.46	N/A
A description of the principal risks facing the charity	Para 1.46	N/A
Other		N/A

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Charitable Incorporated Organisation
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees in place are the first trustees, new ones are appointed by trustee vote.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51	-Child and Safeguarding Policy. -Financial Management, Control Policy and Procedure. -Trustee Code of Conduct.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51	N/A
Other

Reference and Administrative details

Charity name	The Raymond Nicolet Trust
Other name the charity uses
Registered charity number	1185870
Charity’s principal address	43 The Row Sutton CB6 2PD

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Christine Hilcenko		Wholeperiod
	Florence Bachelard		Wholeperiod
	AnthonyTaylor		Wholeperiod

– Corporate trustees names of the directors at the date the report was approved

Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Dr Christine Hilcenko
	Chair
	18/01/2025
	18/01/2025

Non-Business #

Period From	01/04/2024	to	31/03/2025
RECEIPTS			EXPENDITURE
Funds raised through events	£8,639.60		Rental of premises for events	£3,145.04
Donations	£140.00		Consumables	£553.35
Platforms	£44.07		Travel expenses	£0.00
Refund cancelled events	£0.00		registration for events	£0.00
Bank interest	£19.76		transportation costs	£0.00
	£0.00		donations to schools	£6,596.51
	£0.00		Financial costs	£133.63
	£0.00		Refund Event cancellation	£0.00
	£0.00		Performer hire cost for events	£0.00
	£0.00
	£0.00
Total	£8,843.43		Total	£10,428.53
Balance at bank 31/03/24	£8,764.19		Balance at bank 31/03/2025	£7,179.09
Total	£17,607.62			£17,607.62